Question

Kathleen makes bracelets to sell in a booth at a local store. She spent $62.30 on supplies to make bracelets for the next month. The booth itself costs $25 a month. She sells each bracelet for $5.50. If she sells 35 bracelets during the next month, how much profit will she make? Enter your answer using a $ sign. *

Answer 1

$105.20

Explanation:

Given that :

Cost of materials = $62.30

Cost of booth = $25 / month

Price per bracelet = $5.50

Profit of 35 bracelet is sold next month =?

Profit = Revenue - Expenses

Revenue = $5.50 * 35 = $192.50

Expenses = $25 + $62.30 = $87.30

Profit = $192.50 - $87.30

= $105.20